The University of Gloucestershire's Council signed off the University's Financial Statements for 2017-18 at their meeting on 27 November 2018. The results show a robust financial position for the University:
A surplus for the year of £3.5 million, representing over 4% of turnover.
Income rising 2.4% to £85 million.
Net Assets of £84 million before pension provisions.
Significant investment in the University's infrastructure and estate, while maintaining year end cash at £26 million.
Camille Stallard, University Finance Director, commented:
“I am pleased to report that the University has delivered another year of sound financial results, delivering an 8th successive year of sustained performance. Successful delivery of capital projects which have been funded by our own cash, capital grants and new borrowings have contributed to a £14 million improvement in Net Assets. In a challenging and competitive financial climate, this gives the University a robust financial platform to sustain our good student satisfaction and employment results, offering a great experience for our students."
The Financial Statements are available for access.